Now that AOL Time Warner Inc. is an official entity, it's time to shake up the board. And just as interesting as the people who made the short list of 16 directors — Stephen Bollenbach, chief executive of Hilton Hotels Corp.; Carla Hills, former U.S. trade representative, and Fay Vincent, former commissioner of Major League Baseball, for example — are those who didn't.

Those not on the new board are these directors of America Online Inc., Bloomberg News reported: General Alexander Haig, former secretary of state; General Colin Powell, the designated secretary of state, and Marjorie Scardino, chief executive of Pearson PLC.

And those not on the new board are these directors of Time Warner Inc.: Carter Bacot, former chairman of Bank of New York Co.; John Danforth, a former U.S. senator, and Gerald Greenwald, chairman emeritus of UAL Corp.

Others appointed to the new board are Daniel Akerson, chairman of XO Communications Inc.; James Barksdale, former chief executive of Netscape Communications Corp.; Frank Caufield, a partner in the venture capital firm Kleiner Perkins Caufield & Byers; Reuben Mark, chairman of Colgate-Palmolive Co.; Michael Miles, former chairman of Philip Morris Cos.; Franklin Raines, chairman of Fannie Mae, and Miles Gilburne, a former executive of America Online and now a partner with the venture firm CGLS Fund.

The new directors are to be considered for re-election at the company's first shareholders meeting in the spring.